Knowledge quiz

It's time to put what you've learned to the test, get 4 right to pass this unit.

Choose the correct answer.

By automatically converting all risks into controls.

By linking mitigation actions to defined controls and enabling testing of their effectiveness.

By removing risks once control owners are assigned.

By forwarding unresolved risks to SAP Analytics Cloud for monitoring.

Choose the correct answer.

Identification focuses on impact and likelihood, while analysis focuses on mitigation.

Identification captures attributes, while analysis quantifies significance.

Identification is used only for audit purposes, analysis is operational.

There is no distinction; the phases are integrated in SAP Risk and Assurance Management.

There are three correct answers.

The likelihood is high but the impact is negligible.

The cost of mitigation exceeds the potential loss.

The risk cannot be assigned to a responsible person.

The risk falls within defined organizational tolerance thresholds.

There are three correct answers.

It allows users to configure risk categories, business objectives, and risk analysis parameters.

It enables the creation of custom fields to capture additional industry-specific information.

It automatically classifies risks into strategic, operational, and reputational categories without user input.

It helps define organization-specific impact levels and assigns roles such as Risk Owner and Risk Manager.

There are three correct answers.

Risk identification.

Risk analysis.

Risk reporting.

Risk mitigation.

Risk auditing.